TCW Strategic Income Fund, Inc. (NYSE:TSI) Stock Position Increased by 1607 Capital Partners LLC

1607 Capital Partners LLC boosted its position in shares of TCW Strategic Income Fund, Inc. (NYSE:TSI) by 19.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,202,483 shares of the financial services provider’s stock after buying an additional 362,207 shares during the quarter. 1607 Capital Partners LLC’s holdings in TCW Strategic Income Fund were worth $10,594,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. JP Wealth Management Inc. acquired a new stake in TCW Strategic Income Fund in the 4th quarter valued at about $13,638,000. Raymond James Financial Inc. acquired a new stake in TCW Strategic Income Fund during the fourth quarter valued at approximately $4,502,000. Noble Wealth Management PBC bought a new stake in TCW Strategic Income Fund during the fourth quarter worth approximately $825,000. Transform Wealth LLC acquired a new position in TCW Strategic Income Fund in the fourth quarter worth approximately $273,000. Finally, Sit Investment Associates Inc. increased its holdings in shares of TCW Strategic Income Fund by 0.8% in the fourth quarter. Sit Investment Associates Inc. now owns 6,916,611 shares of the financial services provider’s stock valued at $33,269,000 after buying an additional 53,056 shares in the last quarter. 35.22% of the stock is owned by institutional investors and hedge funds.

TCW Strategic Income Fund Trading Up 0.1 %

Shares of NYSE:TSI opened at $4.84 on Wednesday. The stock has a fifty day moving average of $4.87 and a 200-day moving average of $4.93. TCW Strategic Income Fund, Inc. has a one year low of $4.52 and a one year high of $5.21.

TCW Strategic Income Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Monday, March 31st were issued a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a dividend yield of 5.38%. This is an increase from TCW Strategic Income Fund’s previous quarterly dividend of $0.06. The ex-dividend date was Monday, March 31st.

TCW Strategic Income Fund Company Profile

TCW Strategic Income Fund, Inc is a close-ended balanced mutual fund launched by The TCW Group, Inc The fund is managed by TCW Investment Management Company. It invests in the public equity and fixed income markets of the United States. The fund makes its investments in securities of companies operating across diversified sectors.